Showing 1 - 10 of 180
Recent research has focused on the dynamics of the Lucas-Uzawa model of endogenous growth (e.g., Caballé-Santos (1993), Chamley (1993) and Faig (1993)). This model allows for permanent growth of both consumption and investment, propelled by a human capital technology. In contrast to the...
Persistent link: https://www.econbiz.de/10005310436
Persistent link: https://www.econbiz.de/10006793598
In this paper we are concerned with the equilibrium dynamics of a two-sector model of endogenous growth with distortionary taxes. We show that for certain parameters values and tax schemes every equilibrium orbit--except the steady state solution--is non-interior; i.e., there are times in which...
Persistent link: https://www.econbiz.de/10005237151
Persistent link: https://www.econbiz.de/10005153603
Persistent link: https://www.econbiz.de/10005205103
Persistent link: https://www.econbiz.de/10007662534
Persistent link: https://www.econbiz.de/10007370521
Persistent link: https://www.econbiz.de/10007685706
In this paper we present an endogenous growth model with physical and human capital accumulation and study the effects of labor and capital income taxation on the transitional dynamics to the balanced path. Our results amount to an extension of those in Caball\'{e} and Santos (1993) and offer...
Persistent link: https://www.econbiz.de/10005510582
This paper analyzes the equilibrium dynamics of an endogenous growth model with physical and human capital in which leisure considerations have a direct effect on the utility function. Even in the absence of technological externalities our model may contain multiple balanced paths. These...
Persistent link: https://www.econbiz.de/10005797734